Royal Mail Offers 16% Pay Raise in Bid to End Bitter Labor Spat
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Royal Mail Plc proposed a pay deal it said will boost wages by 16% over five years as the U.K. postal service seeks to end a labor dispute that’s left a restructuring plan in tatters.
The pitch to the Communication Workers Union is affordable only if it allows the stabilization of a shrinking letter-carrying business and expansion of parcels activities, the company said Thursday.